Remote payment initiation means you can avoid unnecessary international transfers by using locally earned income to pay local suppliers. You don’t have to repatriate your foreign clients’ payments to your home account and then pay suppliers in that same country from home: with our remote payment initiation tool, you simply use the funds in your foreign account to pay your local suppliers. The tool also allows you to repatriate funds to your home account.
Remote payment initiation:
- Local security systems apply domestic payments apply
- Orders are forwarded through your own computer system with a uniform structure and layout for all countries in which an account is held
- Less administrative work
- No risk of misunderstandings, mistakes, or losses which can occur when working with phone or fax or by post
- Payments from a local foreign account are generally cheaper than international payments
Links to accounting and/or cash management packages can be incorporated